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Lloyds closes 44 UK branches

Lloyds closes 44 UK branches

Lloyds justifies its decision, announcing Wednesday evening that customers have “significantly” lower transactions at the agencies in question.

British bank Lloyds will close 44 branches in the UK specifically due to the acceleration of online banking usage, but some communities have been accused of accessing the money.

Lloyds justifies its decision, announcing Wednesday evening that customers have “significantly” lower transactions at the agencies in question.

Wim Maru, director of retail branches, explains that as the number of users of online banking and especially banking applications increases, “we need to switch to a future where branches are used differently and less.”

However, he confirms that the group “continues to invest in our presence on the shopping streets” and gives the example of the “concept company” that will open in Edinburgh this week.

We continue to offer our customers the choice between branches, online and utility banking, video appointments, switching services in one store, and being in 11,500 positions, and many vending machines, he concludes.

The United union lamented Lloyds’ decision in a statement, saying its “erosion” across the country would “deprive our communities of access to cash and essential services for experienced staff”.

“An ATM is not a viable alternative,” the union said, adding that “the bank is committed to ensuring that the majority of employees involved are re-employed on other platforms along with voluntary departures.”

The bank says nine out of ten customers have a branch within a radius of about 8 km.

Martin McDougall, vice president of the Federation of British SMEs, was quoted by the Agency PA as saying, “Bank branches are not only for those who rely on money – that is, our company’s most vulnerable – but they also attract customers to the shops around them and generate traffic for small businesses.”

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